Is the basement legally considered living space?

I live in Charlotte and would prefer a multi-family investment property that is within a 3-4 hour drive so I'm considering areas that include: Charlotte, Raleigh / Research Triangle, Charleston, and Atlanta.

You do not have to live in the home in order to do that!

Additionally if you are deeding the property you live in to an LLC you may lose the homestead exemption which could actually increase your taxes. 

Yes, at first it is hard to find renters but because of my patience, trust, perseverance and dedication, I am now living my best life and living financially free. 

It will be remote, but since you live there now, you probably already have connections who either already know the house or local friends to find you good people to service things as needed.  

Hey Jack,I'm currently living in R.I and I grew up in MA.

A good way into it may be doing a house hack or live and flip then pulling the equity out in a refinance.Tons of ways to make money in this game!

House hacking in Chicago can be a game-changer—letting you live for free (or close to it) while building wealth through real estate.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on.